Koos Timmermans to present at Goldman Sachs Conference

Amsterdam, 11 June 2013

Today, Koos Timmermans, Vice-Chairman of ING Bank, will address the Goldman Sachs Seventeenth Annual European Financials Conference in Brussels.

In his presentation, Mr Timmermans will demonstrate how ING Bank’s balance sheet optimisation programme is ahead of plan. After taking major strides in 2012 to optimise the balance sheet and de-risk the investment portfolio, ING Bank is now comfortably meeting its capital, funding and liquidity targets, creating room to selectively grow the loan book and to focus on improvement of the Net Interest Margin.

Mr Timmermans will show how ING Bank’s conservative risk approach has led to a relatively low risk profile despite the uptick in risk costs due to the economic downturn.

Elaborating on the Bank’s progress on reaching its long-term targets as laid down in the Ambition 2015 programme, Mr Timmermans will reiterate how the Bank is further optimising its cost structure ensuring that the cost/income target of 50-53% will be reached by 2015. He will conclude his presentation by showing how ING Bank is on track to reach the Return on Equity target of 10-13% by the same year.

Today’s presentation “Towards Ambition 2015” by Koos Timmermans can be viewed/downloaded via ING’s corporate website or SlideShare.

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Frans Middendorff
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Frans.Middendorff@ing.com

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ING PROFILE

ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Going forward, we will concentrate on our position as an international retail, direct and commercial bank, while creating an optimal base for an independent future for our insurance and investment management operations

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